Millennium Management LLC Has $194,000 Stock Holdings in KT Co. (NYSE:KT)

Millennium Management LLC decreased its position in shares of KT Co. (NYSE:KT - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,495 shares of the technology company's stock after selling 53,224 shares during the period. Millennium Management LLC's holdings in KT were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC acquired a new position in shares of KT during the fourth quarter valued at about $670,000. Savant Capital LLC acquired a new position in shares of KT during the fourth quarter valued at about $182,000. Rhumbline Advisers raised its position in shares of KT by 57.4% during the fourth quarter. Rhumbline Advisers now owns 90,816 shares of the technology company's stock valued at $1,409,000 after buying an additional 33,119 shares during the last quarter. Principal Securities Inc. raised its position in shares of KT by 70.6% during the fourth quarter. Principal Securities Inc. now owns 3,730 shares of the technology company's stock valued at $58,000 after buying an additional 1,544 shares during the last quarter. Finally, Truist Financial Corp acquired a new position in shares of KT during the fourth quarter valued at about $181,000. Institutional investors and hedge funds own 18.86% of the company's stock.

KT Price Performance

NYSE:KT traded up $0.19 during mid-day trading on Monday, hitting $20.18. The company's stock had a trading volume of 1,250,673 shares, compared to its average volume of 1,240,171. KT Co. has a fifty-two week low of $13.11 and a fifty-two week high of $20.46. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 0.37 and a beta of 0.66. The stock has a fifty day moving average of $18.99 and a 200-day moving average of $17.69.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of KT from a "neutral" rating to a "buy" rating in a research report on Monday, March 3rd. UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, Wall Street Zen lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th.

KT Profile

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.